Baker Hughes Secures Coiled-Tubing Drilling Deal in Dubai

Core Insights - Baker Hughes Company has secured a multi-year contract with Dubai Petroleum Establishment to provide integrated coiled-tubing drilling services for the Margham Gas storage project, enhancing its role in Dubai's energy transition and security [1][6] Group 1: Contract and Project Details - The Margham Gas project is crucial for Dubai's energy stability, facilitating a flexible transition between natural gas and solar power [2] - This contract follows a previous agreement for Baker Hughes to supply Integrated Compressor Line units for gas storage, further integrating the company's technology into Dubai's energy landscape [3] Group 2: Technology and Innovation - Baker Hughes will utilize its advanced CoilTrak coiled-tubing bottomhole assembly system, which improves reservoir connectivity and enhances the efficiency of slim-hole multilateral drilling [4] - The company's integrated approach combines advanced technology and industry experience to support Dubai Petroleum Establishment in developing secure, reliable, and low-carbon energy solutions [5] Group 3: Strategic Importance - This contract solidifies Baker Hughes' presence in Dubai's energy sector, reinforcing its commitment to delivering innovative solutions that promote reliability and sustainability in the region's power infrastructure [6]